DALLAS (AP) _ American Realty Investors Inc. (ARL) on Monday reported fourth-quarter net income of $148.2 million, after reporting a loss in the same period a year earlier.
The Dallas-based company said it had net income of $9.26 per share. Losses, adjusted for non-recurring gains, came to 37 cents per share.
The real estate investment company posted revenue of $24.9 million in the period.
For the year, the company reported net income of $173.7 million, or $10.81 per share, swinging to a profit in the period. Revenue was reported as $121 million.
ARL shares have fallen almost 2 percent since the beginning of the year. The stock has decreased 36 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARL at https://www.zacks.com/ap/ARL